Monday, July 8, 2024
Under the patronage of Barzani.. The National Bank of Iraq signs an agreement to finance the construction of a hospital in Kurdistan for $50 million
Economy News – Baghdad
The National Bank of Iraq signed an initial agreement to finance the construction of a modern hospital in the region, with a total value of up to 50 million US dollars, under the auspices of the Prime Minister of the Kurdistan Regional Government, Masrour Barzani,
The funding of this vital project by the National Bank of Iraq comes with the aim of supporting the direction of the regional government to improve the reality and quality of health care in the region and provide advanced health services to its residents.
Commenting on the signing of this agreement, the Plenipotentiary Director of Al Ahli Bank of Iraq, Ayman Abu Dhaim, expressed his happiness with this important step, saying: “We are proud of the National Bank of Iraq to finance the construction of a new and advanced hospital in the Kurdistan region. This initiative reflects our ongoing commitment to supporting development and infrastructure projects that benefit our community and contribute to improving the quality of life for citizens.”
Abu Dhaim pointed out that this project is a model of partnership between the public and private sectors to contribute to achieving sustainable development, explaining that this project, in addition to providing high-quality medical services to citizens, will contribute to creating new job opportunities and promoting economic growth, and in a way that will reflect positively on progress and prosperity in Iraq.
Financing this project will be subject to the bank’s credit policies and the instructions of the Central Bank of Iraq.
The bank also plays a major role in economic development and promoting financial inclusion, as the bank has localized more than 200,000 employees in the public and private sectors, and has granted advances to more than 80,000 employees with a total value of 1 trillion Iraqi dinars. At the level of small and medium enterprises, the bank has granted loans to more than 5,000 companies from various governorates of Iraq in many economic sectors.
ABOUT IRAQ AND THE WTO ACCESSION BY GOLDILOCKS
GOLDILOCKS
On July 18th, 2024, Iraq is slated to go before the World Trade Organization on access and benefits of trading in the modern world.
Their newly developed regulation paper designed to implement and develop an e-commerce facility will incorporate needed changes in digital asset based trading systems.
Watch the water.
© Goldilocks
https://www.wto.org/english/news_e/events_e/events_calendar_view_e.htm
Iraq ranks fifth in Arab World, 52nd globally in largest economies
Shafaq News/ Iraq has ranked fifth among Arab nations and 52nd globally as the largest economy in the world for the year 2024, According to CEOWORLD.
Despite rising concerns over inflation, the United States maintained its position as the world’s largest economy, with a Gross Domestic Product (GDP) of $28.78 trillion.
China followed with a GDP of $18.54 trillion, while Germany solidified its position as Europe’s economic leader with a GDP of $4.59 trillion, leveraging its manufacturing expertise and robust exports amid additional challenges related to energy supply issues stemming from the Russia-Ukraine conflict.
CEOWORLD highlighted Japan in fourth place with a GDP of $4.11 trillion, while India ranked fifth, showcasing one of the fastest-growing economies with a GDP of $3.94 trillion.
In terms of global rankings, Iraq secured the 52nd spot with a GDP of $265.894 million for the current year, projected to increase to $278.811 million in 2025, $292.147 million in 2026, $307.465 million in 2027, $325.197 million in 2028, and finally reaching $345.074 million by 2029.
CEOWORLD further noted that Iraq ranks fifth among Arab nations, following Saudi Arabia, the United Arab Emirates, Egypt, and Algeria in economic size.
shafaq.com
LATEST FROM GINGER TELEGRAM ROOM, 8 JULY
š¢ Helpful At-A-Glance LšK at where we're at - with VE, Liberty Admin Extraordinaire & Gin Gin
š¢VE: How are you feeling about Thursday (11th) for Camping Notices? š
·Iraq goes into WTO on the 18th.
·Frank26's contact Eddie is saying Shaleh says 14th-18th for new IQD currency.
·Another Iraqi holiday is declared on Sunday (14th) to begin their New Year. (✅ Correction - began 7.6.24 - Islamic NY on 7.7.24).
·MarkZ thinks we will go before the new rate is released to the general public. Just like Kuwait.
š¢ Ginger: Yes, based on these data points, I'm liking this coming week - and into the next - very much - and especially that much the more IF I see the other major stuff pop off that we're looking for (other mile markers and certain non negotiables).
I'm extremely hopeful and remaining grounded and cautiously optimistic š.
~ Ginger of the Liberty Lounge 7.7.24
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